Bihar-Jharkhand targets highest tax collection this fiscal.

Published: Friday, October 5, 2007, 16:37 [IST]

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Patna,Oct 05 (UNI) In a commendable performance, the Income Tax collection in Bihar and Jharkhand have together recorded more than 65 per cent growth during the first six months of the current fiscal, while heading towards achieving the highest ever target set for the whole year.

Informed sources quoting the latest collection data here today said till September 30 a total amount of about Rs 1,000 crores were collected from individuals as well as corporate offices as Income tax in both the states. This was about Rs 400 crores more than the amount collected during the corresponding period of last year.

Claiming that the performance of the IT departments of both the states was indeed commendable since there was no major industrial activities in Bihar for the past few years,the sources said, however, the people of the state were sincere enough to pay their taxes on time.

Referring the tax collection scenario in Bihar and Jharkhand together despite maintaining separate identity in other matters, the sources said even last year the dual states had comfortably exceeded their annual target by more than Rs 200 crores in terms of tax collection.

Further elaborating, they said, compared to the annual target(of IT collection) of Rs 1800 crores, a total amount of Rs 2034 crores were collected in Bihar-Jharkhand till March 31 this year for the fiscal 2006-07.

''Similarly,this year too we have targetted to surpass our annual target of Rs 2,334 crores by several hundred crores of rupees,'' the sources said and made it clear that all out efforts were being made to sustain the present momentum.

About the All India standings of Bihar and Jharkhand in terms of IT collection,the sources referring to the current booming trend of the Indian economy said by no means the states were lagging behind others. However,in Eastern India they were among the top performers, the sources reiterated.